Public Management

Burkina Faso raises CFA33 billion on WAEMU securities market

Burkina Faso raises CFA33 billion on WAEMU securities market
Friday, 28 February 2020 13:26

Burkina Faso raised an amount of CFA33 billion (about $55.5 million) on the WAEMU public securities market through the issue of 6-month Treasury Bills (BATs).
At the end of this operation carried out on February 26, Burkina Faso collected CFA85.743 billion (about $144.3 million) for an initial requested amount of CFA30 billion (about $50.5 million), a remarkable coverage rate of 285.81%. This new issue brings to CFA55 billion (about $92.5 million) the total amount of funds mobilized by the country in only two operations on the market since the beginning of the year.

Burkina Faso experienced steady economic growth between 2015 and 2018. Indeed, after a deceleration in 2015 (3.9% after 4.3% in 2014), the real GDP growth rate showed a sustained level, rising from 5.9% in 2016 to 6.3% in 2017 and 6.8% in 2018, thanks to the return to normal constitutional life, favorable rainfall and enhanced investors’ interest.

According to estimates by the Burkinabe authorities, the country's GDP is expected to reach CFA8,547.2 billion (about $14.4 billion) in 2019 compared to CFA7,849.1 billion (about $13.2 billion) in 2018, representing a 6.0% growth rate in real GDP. Inflation rate is estimated at 1.9% in 2018 and is expected to be negative in 2019.
In 2020, Burkina Faso intends to raise a total of CFA540 billion (about $910 million) on the public securities market.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Togo raises 27.5 billion CFA francs, exceeding 25 billion target Strong demand with 134.5 billion CFA francs bids, 538% coverage Total 2026...
Three African countries are negotiating over $500 million in debt-for-nature swaps Deals aim to cut debt while financing environmental...
Moniepoint acquires restaurant software platform Orda Africa Deal expands integrated services across payments, operations, analytics Targets...
Ghana’s stock market gained nearly 20% since late February, leading globally Bank stocks drove the rally, alongside oil-linked gains Stronger economic...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
05

Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...

Hormuz Tensions Rattle Fertilizer Markets, Adding Pressure to Global Food Supply
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.